Ontex Sees LFL Revenue Down 3% In FY 2020
Personal hygiene brand Ontex has reported a 3.1% decline in like-for-like revenue, to €2,2 billion, in its financial year 2020, impacted by lower sales in Europe.
Adjusted EBITDA for the fiscal year amounted to €236 million, down 3.9% compared to 2019, while adjusted EBITDA margin increased 55 bps to 11.3%.
Gross profit dropped 1.8% year-on-year to €609.1 million in the financial year ended 31 December 2020.
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